Under rules set by the Takeover Panel, the government agency that controls mergers, no additional bids for the property are allowed.

It was in that kind of environment that the Takeover Panel started its life from small beginnings and with a light touch.

Rather like the Takeover Panel, it would operate with a soft bark, but a much more powerful bite when needed.

The Takeover Panel may be asked for advice by telephone and responds very quickly to enquiries.

The Takeover Panel's review will surely limit the scope to stretch out the process for the purposes of exploitation.

The Takeover Panel has carpeted one of its own.

The principal regulator is the Takeover Panel, a nongovernmental organization.

Britain's Takeover Panel gave them until April 13 to say whether they would make a bid.

The Takeover Panel is largely concerned with the interests of shareholders during takeovers.

Grey areas still remain, however, and the Takeover Panel has now attempted to clear one of those concerned with the current fashion for buy-outs.